China Vanke Co Ltd Class A

000002: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Vanke Earnings: Profitability and Balance Sheet Remain Weak, but Refinancing Supports Liquidity

Jeff Zhang

Aug 28, 2026

China Vanke's net loss widened to CNY 15.0 billion in the first half from CNY 11.9 billion a year ago, due to lower gross margin and asset write-offs. The net gearing ratio rose to 135% from 123% at year-end 2025, though the firm received over CNY 8.5 billion of funding support to bolster liquidity.

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China Vanke Co Ltd Class A

Vanke Earnings: Profitability and Balance Sheet Remain Weak, but Refinancing Supports Liquidity

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